Onity Group Stock Market Value
| ONIT Stock | 30.41 0.13 0.43% |
| Symbol | Onity |
Onity Group Price To Book Ratio
Is Commercial & Residential Mortgage Finance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Onity. If investors know Onity will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Onity listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.32) | Revenue Per Share | Quarterly Revenue Growth (0.09) | Return On Assets | Return On Equity |
The market value of Onity Group is measured differently than its book value, which is the value of Onity that is recorded on the company's balance sheet. Investors also form their own opinion of Onity's value that differs from its market value or its book value, called intrinsic value, which is Onity's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Onity's market value can be influenced by many factors that don't directly affect Onity's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Onity's value and its price as these two are different measures arrived at by different means. Investors typically determine if Onity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Onity's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Onity 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Onity's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Onity.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Onity on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Onity Group or generate 0.0% return on investment in Onity over 90 days. Onity is related to or competes with Tapestry, KLA Tencor, Capri Holdings, NLIGHT, Grounded People, and Gap,. Onity is entity of United States. It is traded as Stock on NYSE exchange. More
Onity Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Onity's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Onity Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 2.0E-4 | |||
| Maximum Drawdown | 15.76 | |||
| Value At Risk | (5.41) | |||
| Potential Upside | 3.57 |
Onity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Onity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Onity's standard deviation. In reality, there are many statistical measures that can use Onity historical prices to predict the future Onity's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | 0.2129 | |||
| Treynor Ratio | (0.11) |
Onity Group Backtested Returns
Onity Group maintains Sharpe Ratio (i.e., Efficiency) of -0.0512, which implies the firm had a -0.0512 % return per unit of risk over the last 3 months. Onity Group exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Onity's Variance of 6.58, coefficient of variation of (2,605), and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The company holds a Beta of 0.95, which implies possible diversification benefits within a given portfolio. Onity returns are very sensitive to returns on the market. As the market goes up or down, Onity is expected to follow. At this point, Onity Group has a negative expected return of -0.14%. Please make sure to check Onity's maximum drawdown, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Onity Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.68 |
Very good reverse predictability
Onity Group has very good reverse predictability. Overlapping area represents the amount of predictability between Onity time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Onity Group price movement. The serial correlation of -0.68 indicates that around 68.0% of current Onity price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 11.75 |
Onity Group lagged returns against current returns
Autocorrelation, which is Onity stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Onity's stock expected returns. We can calculate the autocorrelation of Onity returns to help us make a trade decision. For example, suppose you find that Onity has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Onity regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Onity stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Onity stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Onity stock over time.
Current vs Lagged Prices |
| Timeline |
Onity Lagged Returns
When evaluating Onity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Onity stock have on its future price. Onity autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Onity autocorrelation shows the relationship between Onity stock current value and its past values and can show if there is a momentum factor associated with investing in Onity Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Onity Stock Analysis
When running Onity's price analysis, check to measure Onity's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Onity is operating at the current time. Most of Onity's value examination focuses on studying past and present price action to predict the probability of Onity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Onity's price. Additionally, you may evaluate how the addition of Onity to your portfolios can decrease your overall portfolio volatility.